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Random News from Mining Top News

Tethys Petroleum To Raise GBP23 Million In AIM Float

Tethys Petroleum, an oil and gas exploration and production group which operates in the Republic of Kazakhstan, said Monday that it plans to issue up to 150 million Ordinary shares and float on AIM.
Upon admission the company plans to raise up to GBP23 million gross.
Currently the group holds licences for, and is the operator of, [...]

Namibia: More Uranium Found

NAMIBIA appears to have a radiant future in the mining sector with over 20 mining outfits doing uranium prospecting and exploration, mainly in the Erongo Region, and an Australian company announcing that it has found a promising deposit of the mineral north of the existing Roessing uranium mine.
West Australian Metals (WME) on Thursday announced it [...]

Tag: mining technology uran namibia, contractors for new uranium mine in namibia, electricity in terms of uranium mining in namibia, more uranium found in namibia, uranium company namibia

Temex and Nuinsco commence exploration on uranium project

Temex Resources Corp. and partner Nuinsco Resources Limited announce that field work is well underway on the Marijane Lake and Huston Lake Uranium Properties. The Claims are located in northwestern Ontario 80 km north of Kenora and in eastern Manitoba 75 km east of Lac du Bonnet, and were acquired by staking in spring 2007 [...]

Escalating oil and gas prices leading to stock scams

The U.S. Securities and Exchange Commission is warning investors to avoid potential stock scams based on promises of quick profits from high oil and gas prices.
“Rising fuel prices make investors across the nation particularly susceptible to oil and gas scams,” said Katherine Addleman, an enforcement official in the agency’s Fort Worth, Texas, office. “Oil and [...]

Group wants state to create mining license plates

A pro-mining group that sponsors an annual contest for Idaho public school students titled “If it ain’t farmed, it’s got to be mined” is trying to get state lawmakers to support creation of a mining license plate to pay for its activities.
Natural Resource Education Outreach, a non-profit group, has enlisted Rep. Mary Lou Shepherd, D-Wallace, [...]

Luna Gold renegotiates earn-in terms for the Cachoeira project

Luna Gold Corp. announce that it has renegotiated the terms of the agreement relating to its Cachoeira project, which was originally announced on October 9, 2007. The amended terms extend the period of time that Luna has to complete its earn-in obligations to acquire 100% of the Cachoeira project, subject to a royalty and back-in [...]

Chinese Company Wins Tantalum Sale

The just completed fiscal year’s last tender for the purchase of the mineral tantalum floated by the Ethiopian Mineral Development SC (EMD) has been awarded to the Chinese company, Ningxia Non Ferros Metal Import and Export Corporation, on June 17, 2006.
Ningxia was the highest bidder paying 865,456 dollars for 20.332tn of tantalum. Central Africa Mining [...]

Tag: tantalum mining stocks

Gastar Exploration Announces East Texas Drilling Results

Gastar Exploration Ltd. announced that it has successfully drilled the Belin #1 well, a deep Bossier test, to a total depth of 18,800 feet and has logged approximately 150 net feet of pay in the middle and lower Bossier formations.
The Belin #1 well contains three pay zones within the lower Bossier formation that, based [...]

Tag: gas exploration and east and texas, texas explortation news, gastar belin 1

Arch Coal elects Jennings to board

Arch Coal Inc. said Thursday that Brian Jennings was elected to its board of directors effective immediately. He will serve on the board’s finance and audit committees.
Steven Leer, Arch Coal’s chairman and CEO, said in a statement, “Brian’s expertise in corporate finance for the global energy industry will be extremely valuable to the board and [...]

Cusac Gold Mines Ltd.: $1 Million Financing Planned for Table Mountain Drilling

David H. Brett, President, Cusac Gold Mines Ltd., reports that the Company intends to raise up to $1,000,000 for new drilling at its 100% owned Table Mountain Property in Northern BC. The Company intends to issue up to 3,846,154 units at $0.26 with a half warrant at $.34 in two or more tranches. The Company [...]